* MasterCard® and PayPass™ are registered trademarks of MasterCard International Incorporated.**Overseas transactions are free in Europe with fees applied in the rest of the world. Europe consists of the member countries of the Single European Payment Area (SEPA). To view a list of these countries, please click here

Things you should consider:

You can apply to open a Current Account if you are 18 or over and a UK resident.

No credit interest is paid on a Current Account (but remember we have some great savings accounts!)

A credit check will be undertaken with a credit reference agency when you apply for a Current Account and/or an overdraft.

Overdrafts are subject to status and application and both agreed and instant overdrafts are repayable on demand.

Joint accounts are available and each account holder is separately accountable for complying with the terms and conditions of the account.

For information about how cheque clearing operates please see Terms 11 and 12 of 'Our Service Relationship with Personal Customers'

Standing Order, Direct Debit, and Future Dated Payment instructions are all processed in the morning. If there are insufficient funds available in your account to make these payments, we will attempt to process them again at 2pm on the same day. This gives you more time to pay the funds into your account, allowing for the payment to be taken successfully the second time round without incurring any late payment charges.

Overdrafts

Agreed overdrafts and instant overdrafts both incur an interest rate of 15% EAR* typical (variable). Interest will be calculated daily on your account and applied monthly. The amount of interest payable and when it will be charged will be shown on your monthly statement. Instant overdrafts and exceeding your agreed overdraft may also incur additional charges.

We will not charge you any more than a total of 6 Paid or Unpaid Item charges in any month

If the deduction of interest causes or increases an instant overdraft, interest will be charged on the new overdrawn balance (there will be no Paid Item charge made when this is the case)

A uniform fee of £10 will be charged for both Paid and Unpaid items.

We also have examples of charging scenarios available to look at on our website which helps illustrate what actions can incur charges and help you avoid them.

Withdrawals from Metro Bank ATMs are free, however, you should be aware that there are some ATM owners who may charge for withdrawals - there should always be a warning on the screen before they do so, giving you the option to cancel the transaction.

If you use your card abroad, foreign currency transactions will be converted into sterling on the day it is paid out of your account – the exchange rate is set by MasterCard®**.

Metro Bank will not charge you for international debit card transactions made in Europe***, and our rates in the rest of the world offer outstanding value. Find out more about using your credit or debit card abroad.

Other Charges

Payment Type

Charge

CHAPS and SWIFT payments

£17.50 per transaction

Stopping a cheque

£10 per item

Issuing a banker’s cheque

£15 per item

Stopping a banker’s cheque

£10 per item

We may charge you our reasonable costs to find you if you do not keep your contact details up to date.

We may charge you our reasonable costs for recovering an incorrectly made payment.

*EAR stands for Effective Annual Rate and illustrates what the interest rate would be if interest was charged and added to the amount owed once each year. It does not take into account fees and charges. We may change any of the rates and charges and introduce new charges under 'Our Service Relationship with Personal Customers' of the account.

**MasterCard® is a registered trademark of MasterCard International Incorporated.

***Overseas transactions are free in Europe with fees applied in the rest of the world. Europe consists of the member countries of the Single European Payment Area (SEPA). To view a list of these countries, please click here

Visit your local store to apply for a Current Account. You can download information on what you will need to open an account with Metro Bank here.

If you are an existing customer, you can contact our Local UK Call Centre on 0345 08 08 500 to apply for an overdraft.

Looking to switch your existing banking relationships to Metro Bank?

Dedicated Switching Service Helpline to arrange a new switching process or track your existing one 0345 08 08 501

We manage the move for you, including all your savings and borrowing needs

*Overseas transactions are free in Europe with fees applied in the rest of the world. Europe consists of the member countries of the Single European Payment Area (SEPA). To view a list of these countries, please click here. Charges may be applied by local ATM providers. Note Cash Cards cannot be used abroad. **Account Opening Conditions Apply.

Your eligible deposits with Metro Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the £85,000 limit are not covered. Please click here for further information or visit www.fscs.org.uk.

Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row, London, WC1B 5HA. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk. Metro Bank PLC is an independent UK Bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. "Metrobank" is the registered trademark of Metro Bank PLC.